On June 1,beginning Inventory Consists of Ten Items That Cost

Multiple Choice

On June 1,beginning inventory consists of ten items that cost $100 each.On June 8,ten more items are purchased at $120 each.On June 12,fifteen items are sold for $200 each.On June 28,ten items are purchased at $130 each.Using periodic FIFO,cost of goods sold for the month ended June 30 equals ________.

A) $1,500
B) $1,600
C) $1,800
D) $3,000